SEGMENT REPORTING (Tables)

9 Months Ended

Oct. 01, 2023

Financial information for the Company’s reportable segments was as follows for the periods presented:


	Twelve Weeks Ended				Forty Weeks Ended
($ in thousands)	October 1, 2023		October 2, 2022		October 1, 2023		October 2, 2022
Revenue
CAVA	$	173,759	$	116,213	$	541,609	$	333,546
Zoes Kitchen	—		21,432		3,867		94,996
Other	1,794		1,613		6,054		5,642
Total revenue	175,553		139,258		551,530		434,184
Restaurant-level operating expenses (1)
CAVA	130,179		90,992		403,430		265,480
Zoes Kitchen	—		20,263		4,044		89,497
Other	887		1,595		3,574		5,050
Total restaurant-level operating expenses	131,066		112,850		411,048		360,027
Restaurant-level profit (loss)
CAVA	43,580		25,221		138,179		68,066
Zoes Kitchen	—		1,169		(177)		5,499
Other	907		18		2,480		592
Total restaurant-level profit	44,487		26,408		140,482		74,157
Reconciliation of restaurant-level profit to income (loss) before income taxes:
General and administrative expenses	24,472		16,547		76,817		53,768
Depreciation and amortization	11,528		10,018		35,096		31,783
Restructuring and other costs	1,092		2,055		5,160		4,989
Pre-opening costs	3,410		6,175		12,809		14,225
Impairment and asset disposal costs	1,190		3,838		4,295		9,848
Interest (income) expense, net	(3,956)		(115)		(4,630)		262
Other income, net	(120)		(188)		(412)		(644)
Income (loss) before income taxes	$	6,871	$	(11,922)	$	11,347	$	(40,074)

(1) Restaurant-level operating expenses consist of food, beverage, and packaging (excluding depreciation and amortization), labor, occupancy, and other operating expenses.